Business
SBP enhances scope of refinance facility to support health facilities
KARACHI, July 6, 2020: The State Bank of Pakistan (SBP) has enhanced scope of refinance facility to support health facilities. On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against Covid-19. Under this scheme, banks…
Low gas pressure hurting industrial production in Hub
Hub (Baluchistan) , July 6, 2020: Hub industrial area is facing low gas pressure for the last few weeks and it is directly hurting the industrial production. Industrialists termed gas pressure fluctuations in Hub Industrial and Trading Estate (HITE) unbearable and said that manufacturers are already suffering due to severe economic down haul in the…
Industry protest over K-Electric tariff increase despite load shedding
Karachi, July 6, 2020: Industrials have lodged strong protest over prolonged load shedding and allowing K-Electric to charge quarterly Fuel Cost Adjustment (FCA) of 2.89 rupees per unit. President of SITE Association of Industry Suleman Chawla has questioned the Economic Coordination Committee to clarify who is dearer to them: K-Electric or trade & Industry. He…
Non-removal of anomalies put importers in trouble
Karachi, July 6, 2020: Non-removal of anomalies put importers in trouble and they have expressed reservations over non-removal of budget anomalies by ignoring their recommendations and requested for a review Chemical importers have demanded to restore 2 pc income tax on commercial importers and withdraw the decision to increase the income tax rate to 5.5…
Daraz and Telenor partner to enable accelerated digitization
Karachi, July 06, 2020: Daraz has signed a partnership with Telenor Pakistan to offer customers access to prepaid packages and package bundles for mobile recharge on the leading eCommerce platform along with exclusive offers. The new partnership stands in line with the two companies’ commitment towards digitalization in Pakistan to offer enhanced convenience and customer…